River & Mercantile Asset Management LLP Grows Holdings in Greenlight Capital Re, Ltd. (GLRE)

River & Mercantile Asset Management LLP raised its position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,490 shares of the financial services provider’s stock after acquiring an additional 27,530 shares during the quarter. River & Mercantile Asset Management LLP owned approximately 1.01% of Greenlight Capital Re worth $4,548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Greenlight Capital Re by 176.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 525,779 shares of the financial services provider’s stock valued at $6,520,000 after purchasing an additional 335,341 shares in the last quarter. Poehling Capital Management LLC grew its stake in Greenlight Capital Re by 29.0% during the 3rd quarter. Poehling Capital Management LLC now owns 48,058 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 10,805 shares in the last quarter. Monarch Partners Asset Management LLC grew its stake in Greenlight Capital Re by 20.0% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 40,580 shares of the financial services provider’s stock valued at $503,000 after purchasing an additional 6,770 shares in the last quarter. Engineers Gate Manager LP grew its stake in Greenlight Capital Re by 53.6% during the 3rd quarter. Engineers Gate Manager LP now owns 38,510 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 13,431 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in Greenlight Capital Re by 132.6% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 15,757 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 8,983 shares in the last quarter. 50.22% of the stock is owned by institutional investors.

GLRE has been the subject of several research reports. BidaskClub upgraded Greenlight Capital Re from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 18th. ValuEngine upgraded Greenlight Capital Re from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $20.50.

Shares of GLRE opened at $10.16 on Friday. The company has a market capitalization of $370.76 million, a PE ratio of -8.40 and a beta of 0.69. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.36. Greenlight Capital Re, Ltd. has a 52 week low of $9.76 and a 52 week high of $21.45.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Monday, November 5th. The financial services provider reported ($2.20) EPS for the quarter, topping the consensus estimate of ($2.54) by $0.34. The company had revenue of $42.57 million during the quarter, compared to analyst estimates of $68.40 million. Greenlight Capital Re had a negative return on equity of 44.40% and a negative net margin of 125.14%. Equities analysts expect that Greenlight Capital Re, Ltd. will post -7.87 earnings per share for the current year.

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Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, engages in the provision of property and casualty reinsurance products and services worldwide. Its frequency business comprises contracts containing small losses emanating from multiple events and enables the clients to increase their underwriting capacity; and severity business includes contracts with the potential for significant losses emanating from one event or various events.

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Institutional Ownership by Quarter for Greenlight Capital Re (NASDAQ:GLRE)

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